Posted: Jan 21, 2014 2:12 PM
Updated: Jan 21, 2014 3:39 PM
BATON ROUGE - After six years of cuts, Louisiana's public colleges stand to gain $142 million in increased funding under Gov. Bobby Jindal's budget proposal to be unveiled later this week.
Jindal on Tuesday announced his recommendations for financing Louisiana's colleges in the fiscal year that begins July 1. He was surrounded by higher education leaders, who applauded the news.
Much of the new money, about $88 million, would come from increased tuition costs on students. But unlike in past years, Jindal won't recommend that the new tuition dollars replace state funding.
Instead, the governor is proposing that campuses get a stable base of state funding, with new tuition income on top of that. He's also recommending a new $40 million state funding pool to help campuses with initiatives matching students to jobs.